Property for rent in Dubai Marina

The real estate situation in Dubai is taking a big hike! Rent prices have gone down steadily and it is predicted that they may rise in the coming months. Hence the property market in Dubai is seeing a rush of people, foreigners, expats and locals alike to get a nice property for rent in Dubai. Market research and analysis have predicted that prices may rise soon and people are queuing up to buy the best property available in town.

Major players in the market have estimated an average fall of 2-3% in the apartment rents in commercial areas of the city. This means that more and more people are heading to get some nice apartments for rent in Dubai. Apart from Dubai, many of them are also looking at Sharjah for property deals and rentals. The market has already seen prices at stable levels for the last 3 months.

Rental prices have been stable for a few months and we are now seeing some limited signs of price reductions. Many areas such as JLT, Marina, and Palm Jumeirah are starting to show price drops of an average of 1 to 2 percent for certain property types. Apartments for rent in Dubai are available at inexpensive prices and rates. The market has officially entered a cooling period and with increase in prices predicted in the coming months it’s a great period for real estate agents and the industry sector to grow and expand. Some areas will see marginally lower or stable prices and tenants may be able to negotiate a little bit for these properties.

Many of these market players have said that the rental activity was a bit low last year but it has significantly picked up in the last few months and is expected to stay this way. The best time for property deals is summer, as more number of people arrives in the city for vacations and also many people consider moving to Dubai at the end of summer. You will find that renting an apartment in Dubai is now very affordable. They say that future price increases will be more stable as compared to the sharp rises seen in the last 18 months.

The Arabian ranches are some of the most famous places to rent an apartment. It is a very popular destination with families and you get various 2 bed townhouses to 6 bed Hattan villas. There are also apartments for rent in Dubai Marina which is again very popular. They have massively varying quality in the different towers in terms of apartments and family size. You can also go to the Palm which is possibly the best place to live in Dubai! 

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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